Dhruv Consultancy Services-led Infovibe Ventures consortium receive LoA of Rs5.19 crore

28 Oct 2022 , 11:30 AM

Dhruv Consultancy Service Limited – Infovibe Ventures Private Limited Consortium has received the Letter of Acceptance (“LOA”) from the Indian Highways Management Company Limited.

As per the filing, the LoA is for the work of “conducting Traffic Surveys at identified locations in Zone – 4 (in Maharashtra) using Portable Automatic Traffic Counter & Classifier (ATCC) Systems along with videography for period of 01 year, extendable up to additional 01 at sole discretion of IHMCL, as per terms and conditions specified in the RFP & its Corrigendum” from the Indian Highways Management Company Limited.

Fees for the said Project will be Rs5,19,42,420/- exclusive of GST (Rupees Five Crore Nineteen Lakhs and Forty-Two Thousand and Four Hundred Twenty only).

At around 11:33 AM, Dhruv Consultancy was trading at Rs59.10 per share higher by 1.90% on the BSE.

For feedback and suggestions, write to us at [e-mail]